personal finance

Best mutual funds to invest for 7-10 years


I am a regular investor in ELSS for last three years. I am investing Rs 6,000 through SIP in below funds.

– Axis Equity Long Term Fund
– DSP Long Term Fund

Now I want to start an SIP of Rs 10,000 in non-ELSS equity funds. I am an aggressive investor and have 7-10 years time horizon. Kindly suggest me whether I should invest in the funds below:
– Parag Parikh Long Term Equity -g- direct plan (Multicap) – Rs 4,000
– Mirae Asset Emerging Bluechip -g- direct plan (Large and midcap) – Rs 2,000
– Invesco India Contra Fund – Rs 2,000
– L&T Emerging Businesses Fund – g- direct plan (smallcap) – Rs 2,000
–Jawed Alam

Shweta Jain, founder, Investography, responds:

Everyone is an aggressive investor when it comes to returns, and conservative when it comes to risk. Since you have been investing for the last three years, you can now venture into small and midcap funds, too. Mirae is a good start and so is L& T. For Rs 8,000 per month, 2 schemes are enough. They also make a good diversified portfolio.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.